Leslie Hopkins’ Post

If you’re a business owner, you’ve likely wondered whether you should incorporate. This is one of the first questions we’re asked when we meet with a business owner- and for good reason. Incorporating your business could offer substantial tax advantages that sole proprietors and partnerships miss out on. From lower corporate tax rates to income-splitting benefits and protection for personal assets, incorporation may be worth exploring- especially if you don’t need all your business income personally right now. Curious about whether it’s the right move for your business? If you want to know more, comment BUSINESS OWNER below and I’ll share a blog on this topic that breaks down the potential tax savings and other benefits that incorporation could bring. Ready to explore the financial side of incorporation? Visit our website to learn more: https://ow.ly/xavx50UhIFG

Congratulations! You've built a successful business and are considering its sale. Before you finalize the deal, understanding the tax implications is crucial. Taxes can significantly impact your final proceeds, so navigating them strategically is essential. 📊 Our expertise can help you navigate these complexities and optimize your financial outcome. https://ow.ly/f7Cf50TyUIA

As we approach the end of the financial year, you might be wondering what tax concessions are available for your unique circumstance as a business owner. There are multiple facilities available to support small businesses this financial year. Eligibility for these concessions is based on the business' aggregated turnover – the business' annual income plus any business entities connected. Below, we explore the ways small businesses can reduce their tax. If you are interested in finding out more, speak to Duo today. #DuoFinance #SmallBusinessTaxConcessions #2024FinancialYear

Attention small business owners! 🗣️ Did you know that depending on your business structure, industry, and annual turnover, you could be eligible for a range of tax concessions? Don't miss out on potential savings! 💰 Dive into our latest blog post for essential tax planning tips and more information on concessions you might qualify for. Read it here: https://lnkd.in/gxfhWXhA #TaxSavings #SmartBusiness #EOFY2024

💰 Want to know the best way to pay yourself as a business owner? TAA Financial offers smart strategies to optimize earnings and reduce taxes. Visit buff.ly/42lOtzZ! 💼💸 #SmallBizOwners #FinancialTips #TaxStrategies

Tax Benefits Hidden in Plain Sight Your business property is more than just walls and a roof — it’s a potential goldmine for tax savings. A cost segregation study helps identify which components qualify for accelerated depreciation. This means: • Lower taxes, • More cash in your pocket, and • Improved financial flexibility Not sure where to start? We’re here to guide you. Reach out to explore if this strategy is the right fit for your business! https://ow.ly/Zeav50UiIzZ

Business Partners, choosing the right business structure and taking advantage of its tax benefits can reduce your taxable income and improve your company's financial performance. As a result, small businesses can take advantage of a range of tax deductions and credits to encourage business growth and investment. #TaxPlanning #SmallBusiness #FinancialSuccess

Maximizing profits while minimizing taxes - Bedford business owners, it's time to brush up on your knowledge of Capital Gains Tax! 💰💼From selling assets to planning for future growth, understanding CGT is essential for effective financial management. Let Cowley Holmes guide you through the ins and outs of navigating this tax and help you reach your business goals. #CapitalGainsTax #BedfordBusinessOwners #CowleyHolmes #FinancialManagement #TaxPlanning #MaximizeProfits 🚀

Advanced tax planning can help entrepreneurs navigate complex financial landscapes. Techniques like capital gains and loss harvesting can reduce taxable income by offsetting gains with losses. Succession planning is equally crucial, ensuring a smooth business transition while minimizing tax liabilities. Using trusts, restructuring ownership, and creating buy-sell agreements can make your business transition as tax-efficient as possible. Key Takeaways: Capital Gains and Loss Harvesting: Reduce taxable income with strategic planning. Succession Planning: Ensure a tax-efficient business transition. Advanced Strategies: Tailored solutions for complex financial situations. Prepare for the future today—contact us at https://lnkd.in/gA22X7N5 for advanced tax planning! #AdvancedTaxPlanning #SuccessionPlanning #CapitalGains #TaxEfficiency #BusinessTransition #FinancialStrategy #TaxMinimization #BusinessOwners #OntarioBusiness #EntrepreneurSuccess

Tax Planning and Your Business Tax planning is an essential element of wealth creation. As a business owner, you are equipped with more flexibility in the way you receive your income and hold your assets. We can help you leverage this flexibility to legally minimise your tax. Our experience as both chartered accountants and financial advisers enables us to ensure maximum tax efficiency across all aspects of your finances. We make sure you have a comprehensive tax strategy in place, taking advantage of both your business and personal circumstances. Our expertise extends across: ☑ remuneration packaging ☑ capital gains tax management ☑ negative gearing ☑ share dividends ☑ small business tax concessions ☑ and much more We consider your personal and business investment portfolio as a whole to determine the most effective strategy for your financial goals. #QuinnFinancialPlanning #IndependentAdvisers #LocalBusiness #SupportingOurCommunity #FinancialPlanning #WealthBuilding